Office Warehouse
Multi-Tenant Flex Warehouse | Atlantic City MSA
201 W Decatur Ave, Pleasantville, NJ 08232
Listing Price: $5,200,000
Investment Overview
This premium facility was previously fully occupied by a linen company, offering 51,823 square feet of multi-functional warehouse and office space. The property has potential for versatile use, accommodating either multiple tenancies or a single tenant depending on the needs of the prospective occupant. As a show of demand for warehouse space, Walmart recently signed a short-term lease (Expiring on 2/31/2023) for 35,000 square feet of warehouse space at an effective rental rate of $12.91/SF. This warehouse with integrated office space represents a lucrative investment opportunity, being in proximity to commercial hotspots and situated in a vibrant retail corridor amidst multiple national tenants.
Multi-Tenant Flex Warehouse | Atlantic City MSA
Investment Highlights
- Building Area: 51,823 SF of total space: 31,928 SF of warehouse space and 10,735 SF of office and reception space on the first floor with 9,160 SF of office space on the 2nd floor | Lot Area: 3.28 AC
- Loading Areas: Furnished with 4 loading docks, each complemented by tailgate doors, and 3 drive-in bays. | Clearance Height: Ranges from 18' to 23'.
- Parking: A fully fenced rear parking lot ensures secure vehicle parking, while the front of the building boasts a welcoming reception area that transitions into executive office spaces.
- Accessibility: Positioned strategically just off US-40, it enjoys high visibility with over 23,000 vehicles passing per day and has five access points, including two at the rear of the property.
- Retail Proximity: Located in a densely populated retail corridor, close to a variety of national tenants including Sam's Club, Walmart Supercenter, Walgreens, KFC, AutoZone, Caliber Collision, Exxon, Burger King, Family Dollar, and more.
- Connectivity: Only a mile away from the Atlantic City Expressway which connects Philadelphia to the Atlantic City Metro Area, seeing 65,000 VPD, and two miles away from the Garden State Parkway, spanning New Jersey from New York City to Cape May.
- Tourism Hub: Seven miles from downtown Atlantic City, a renowned tourism destination attracting 27 million visitors annually.
- Demographics: The location is enhanced by a strong demographic presence with a population of over 106,700 residents within a 5-mile radius, which is projected to see growth by 2027, with an average household income of $94,300.
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Financing By
Office Warehouse
Multi-Tenant Flex Warehouse | Atlantic City MSA
Listing Price: $5,200,000
Investment Highlights
- Building Area: 51,823 SF of total space: 31,928 SF of warehouse space and 10,735 SF of office and reception space on the first floor with 9,160 SF of office space on the 2nd floor | Lot Area: 3.28 AC
- Loading Areas: Furnished with 4 loading docks, each complemented by tailgate doors, and 3 drive-in bays. | Clearance Height: Ranges from 18' to 23'.
- Parking: A fully fenced rear parking lot ensures secure vehicle parking, while the front of the building boasts a welcoming reception area that transitions into executive office spaces.
- Accessibility: Positioned strategically just off US-40, it enjoys high visibility with over 23,000 vehicles passing per day and has five access points, including two at the rear of the property.
- Retail Proximity: Located in a densely populated retail corridor, close to a variety of national tenants including Sam's Club, Walmart Supercenter, Walgreens, KFC, AutoZone, Caliber Collision, Exxon, Burger King, Family Dollar, and more.
- Connectivity: Only a mile away from the Atlantic City Expressway which connects Philadelphia to the Atlantic City Metro Area, seeing 65,000 VPD, and two miles away from the Garden State Parkway, spanning New Jersey from New York City to Cape May.
- Tourism Hub: Seven miles from downtown Atlantic City, a renowned tourism destination attracting 27 million visitors annually.
- Demographics: The location is enhanced by a strong demographic presence with a population of over 106,700 residents within a 5-mile radius, which is projected to see growth by 2027, with an average household income of $94,300.
Investment Overview
This premium facility was previously fully occupied by a linen company, offering 51,823 square feet of multi-functional warehouse and office space. The property has potential for versatile use, accommodating either multiple tenancies or a single tenant depending on the needs of the prospective occupant. As a show of demand for warehouse space, Walmart recently signed a short-term lease (Expiring on 2/31/2023) for 35,000 square feet of warehouse space at an effective rental rate of $12.91/SF. This warehouse with integrated office space represents a lucrative investment opportunity, being in proximity to commercial hotspots and situated in a vibrant retail corridor amidst multiple national tenants.
Broker of Record
-
John Horowitz
Senior Vice President/Division Manager
Financing By
